Debtor is now indebted to Claimant in the sum of $89,764.00 ($88,764.00 principal plus $1,000.00 attorneys’ fees). Attorneys’ fee will continue to accrue. Beginning five (5) days after the receipt of this Bond Claim Notice, 1.5% monthly interest will attach to any outstanding balance.

Much like a Mechanic’s Lien, a bond claim notice must have the proper content, be mailed to the proper parties, and meet a deadline. And, you may be required to complete a Freedom of Information Act request to determine the surety, which will add days to the process.

Remember, to review the Oklahoma Fair Pay for Construction Act (or its federal counterpart), which may afford you a speedy remedy.

Once received, the surety will typically ask the claimant to complete a proof-of-claim form, similar to a bankruptcy proof-of-claim.